People made 5- 7 figures $$$ 💵 from $100-$1000 by trading meme coins in the past 2 weeks 🚀🚀
👉But before jumping into buying a new meme coin ,
📌 follow this simple guide to do quick analysis on meme coins to reduce the risk of being rugged/scammed👇
1️⃣ Get in early !
One of the best ways to reduce the risk of being rugged is to buy early
Most of the meme coins you will never find them on Coingecko/coinmarketcap on their early days of launch
Use this tool to discover NEW shit coins/meme coins
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2️⃣ How do you find Pre-sale meme coins / launchpad + private sales?
Use this tool - Pinksale
Link---pinksale.finance/launchpads
🚫Disclaimer : This tool allows anyone to create a launchpad / token and raise funds. So beware of scammers! Trade responsibly
3️⃣ Contract Address/ CA
There are so many meme coins launched with similar names to the original ones. You need to be careful and focus on REAL CA .
Always obtain contract addres from the official social media of the original projects
4️⃣ Always use Burner Wallet to trade any meme/shitcoin.
🚫DO NOT USE YOUR MAIN WALLET
- Create a temporary wallet to trade a shitcoin. Every shitcoin should have its own wallet
5️⃣ Security check / auditing
Most of the memecoins may have vulnerabilities / security issues
Check how secure the code of a meme coin is by using the following tools
1 /DeFi Scanner
- Copy and past contract address for security analysis
Link---> de.fi
6️⃣ Auditing tools
2/ Certick
Link -->> certik.com
3/Cryptocurrency Rankings by Security
Link--->> cer.live/cryptocurrency…
4/ Coinbrain + Go+ labs Security tool
7️⃣ Centralization / Distribution of Tokens
- Understanding the degree of centralization will help to know how easily a token can be manipulated by whales ( pump & dump)
- Check the number of holders & percentage of the coins held by top address
Check it via -->CoinBrain
8️⃣ Liquidity Check
The higher the liquidity, the easier to buy and sell
- Check the 24-hour trading volume as well as from which exchanges the most volume is coming.
A large volume shows that a lot of people are interested in a coin.Easier to buy and sell it.
9️⃣ Community
🚀Meme coins with active and large communities are more likely to pump compared to the inactive ones
📝Most of the Memecoins generally do not have a real use case. It is OK if they do not have a whitepaper.
Do community analysis via CoinBrain and engage
🚀🔍 In conclusion, researching meme coins requires a blend of thorough analysis,critical thinking, and a keen understanding of the crypto space. Stay up-to-date with market trends & engage with the communities
Trade Responsibly!
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